>> basically dead flat. sue, have a great fourth of july holiday. >> i will. you, too, ty. see you all on "the closing bell." >> that will do it for "the power lunch." >> "street signs" begins right now. happy monday, everybody. welcome to "street signs." brian is off for the week. coming to america. airbus. setting upshot in alabama. the ceo first on cnbc to tell us why. the mighty middle. inside a bio pharma stock more than doubled this year. straight ahead. plus, weathering the storm. the impact this weekend's wild weather is having on retailers. also taco town usa. the dreams of one very small place in alaska. meantime, let's look at the markets. new month, well it's not quite

come out like the old one went out. but today, it's been down for most of the session after an early gain. a similar story over at the s&p 500 which had the best june since 1999. but it's been modestly lower for most of today's session. nasdaq holding its head slightly above water today. the outperformer and adding to a better than 12% gain so far for the year. check in with mary thompson on the floor of the nyse and jackie at the nasdaq. you, first of all, mary. the clunk we are the disappointing manufacturing data this morning. lit a little birth of a fire under those wanting qe3 and maybe a floor under the market, as well, do you think? >> certainly that chatter started right after the manufacturing data, mandy. it was disappointed and followed on the heels of the your ro zone and china, too. you know what's interesting and keeping a floor around the markets today is the deal news

we have had and limited the losses we have seen. again, with such disappointing data, you would think the markets sell off more. not so the case. let's take a look, though. we see, of course, the sectors that you would expect to be impacted by the disappoint dag that. the cyclicals. off their lows of the day. industrials and materials are the leading losers in the ten sectors in the s&p 500 followed by energy, of course, crude coming off the best levels, too. offset by gains in telecom and extending the gains of the second quarter in to the third quarter early on and consumer staples looking strong. deal data, this is a company benefiting, lincare for 41.50 a share. the stock up nicely today and then ever bank, it's buying a real estate lending portfolio of ge capital and adding to earnings and a lift, as well, too. back to you. >> thank you very much. jackie, as mary was saying, a

flurry of deals and a lot in the tech space, as well. >> absolutely. let's talk about micron. after the deal, it's going to control about 25% of the market. also, take a look at the chinese internet stocks today. watching these very closely. they're getting hard and youiku down the most. and finally, i want to bring your attention to dish. actually, higher today after dropping amc when the contract expired. if they fail to strike a deal dish subscribers might miss the debut of "breaking bad" and if brian was here today, he would be upset about that. >> hopefully he's not watching the show but enjoying a well-deserved vacation. thank you. today, of course, we kick off the first trading day of the third quarter. the s&p rose in the first half and can we expect more of the same? brian perry is portfolio manager

of the 30 fund and tim murphy is managing director of the america's for the tim group and join us now. great to have you on the show. brian, second half better or worse than the first? >> well, i don't know that i'm hoping it's -- i would love to see it equal to the first half of the year. we are expecting a little bit of a slowdown and think that the rest of the year should be a decent one at least. >> brian, saying a bit of a slowdown, economically speaking in terms of a soft patch and might be good for stocks if people factor in qe3. >> that's exactly right. i think we have seen over the time period is the directional change is good. it is just the mag me if i case and how much is coming in to the market. needs to pick up a little bit. directional is fine but we just want to see better job growth and better prospects. >> tim, what about you? brian said equal to. do you think it's better or worse in the second half? >> i'm afraid we are not seeing such great forecasts for second

half this year. we look at all the buy side long reactions to the timed in system and overwhelming they seem to be short recommendations are definitely the story of the second half. in fact, we have just hit a new high, a 44% of short recommendations from institutional brokers to the key clients. we have not hit those type of levels certainly not since the lehman days several years ago. >> why do you think snas what do you think is the key thing driving this for short sell recommendations? >> i think there's several drives. clearly the volatility is one of them but also looks like the market is sputtering quite a bit so on the fundamental basis, results not expected to be that good and the tim ideas platform is kind of like the well forecast for wall street. kind of looks at the next 5 to 30 days and i'm afraid the brokers recommend that the clouds are looming and not

such -- not so much sunshine out there in the next few weeks. >> how do we invest now then? >> i think, you know, you go back to picking stocks and don't just invest in the overall market. at this point we still love the consumer discretionary. the low end ones with lower gas prices and those are going to really benefit those kind of low-end shop epers as the dolla falls. family dollar is still attractive and we like ross stores, coming out the same-store sales kind of late they are week and we think it's an opportunity they may raise guidance. those are the type of companies we are looking for in our fund. >> i see here on your list, as well, tim, you have also got family dollar and dollar general. >> yes. every cloud has a silver lining as it were and certainly the thing was that they'll be very good in this type of market.

vertex pharma, test results weren't very good but it's oversold and a great buying opportunity. >> to tim, you have the very strong long. in terms of shorts, rim which is a perennial short favorite and nike on the back of the i guess rare disappointment last week? >> huge disappointment last week. i think the earnings and coming out of asia is not very good for them. the sentiment is a short. >> got it. brian, tim, thank you so much for joining us next. next, a european giant is betting big on america. airbus opening the first plant here in the states. creating jobs. we'll talk about why now is the time to km here? a top mid cap stock stud of the first half. up 113% so far this year. we'll talk to the ceo of that company to see what's on tap for the second half. ♪

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please do stop me if you heard this one before. shares of rim we mentioned a moment ago, research in motion, yes, another new low. the stock dropped today to just over seven bucks a share. june of 2008, the stock irks since then, dropped more than 94%. well, there you go. at $7.50 and up today but

nonetheless doing a bit of a tough time. let's get out the seema mody and find out what's happening in the pharmaceutical state. there's a lot. >> that's right. this will be a big acquisition in the passion. bristol-myers with amylin of $5.3 billion and fees. it's the biggest acquisition for bristol-myers in about five years. mostly positive reaction on the street. deutsch bank saying it's a good fit for bristol's diabetes alliance. take a look at what wells fargo said, not so chep but consistent with the risk sharing strategy. wells fardo saying that the diabetes drugs are in better market hands to compete. much will depend on boosting sales in an increasingly competitive diabetes drug market. we spoke about this just two

weeks ago when you interviewed the diabetes market is heating up with 346 million diabetics worldwide, demand for a treatment is at an all-time high and drug firms are definitely trying to tap in. >> you know, it is really interesting because once this happens, people try to speculate. what's next? who's going to be the takeover targ target? who's doing the takeover. has anyone said anything about potentially who could be next in line? >> there are definitely under the radar pharmaceutical and bio tech name that is have drugs in phase two or three trial that is are potential candidates. there's names that on time will tell which will be the next one to be acquired. >> okay. thank you for that. we have been looking at the best performing stocks this year and definitely one of the best is regeneron. up 115% year to date. is there more room to run or

competition cut the growth? let's get straight to the ceo, he is dr. leonard shlifer. great to have you with us, doctor. i was just mentioning about potential competition because just recently one of your main come pet pors reported positive clinical trials to drug to compete with your ilia i believe is 53% of the sales and obviously this is something that you would be worried about? >> well, mandy, first of all, thanks. great to be here. a little correction. it's more than 53% of our product sales. but if you take a bigger picture, it is doing this for a very long, trying to make a difference for patients, discover drugs do get to patients and change their lives for the better and not a short-term process. that's a very long-term process. initial being on the set with jim not a decade ago our stock

about fiver bucks and nobody wanted to pay attention to us. now things changed a little bit and doing a decade ago is preparing for when's happening now. you asked about the competition. i don't really view our competition. they're a company with a phase two drug in our space. it is unclear when that drug will come to market, if it will, how it will be used. you can be sure that it's a space we know a lot about. since we discover all of the drugs we work on, we know about that space. we know about those types of products and working for a long time. >> seems that the market is viewing it as a potential competitor and since the results came out, your stock down about 7.6%, so would you if it started to look like they would be a sere you threat would you be interested in buying them? >> right. so we wouldn't speculate on what we would buy or not buy, of course, but our history is one of being able to discover our own drugs. we have more than ten different

drugs in clinical drugs. a robust pipeline before that. and we know a lot about the space that you're talking about there. you know, our estimate is took us more than four years from where they are to get a product to market and so it's a long way away and there's a lot to happen between now and then. >> not interested in potentially working with them. >> i think we are open minded. they have an approach which was used initially a similar approach was used in the veg-f blockade field which our drug is in and that drug lasted a short while when better drugs were able to be brought to market and we have to evaluate all aspects of the space. not committing to one approach or another at this point. >> you have two two markets products and i believe about ten or so products in the pipeline here. do any of them have blockbuster potential? what do we look forward to? >> you know, one of the things that's particularly exciting to a lot of people is our approach to lowering cholesterol.

as you know, heart disease despite the fact of great drugs, the statins, which were, in fact, the first one brought to market by my which i remember when he was at merck, the statins are great drugs and made a huge difference in cutting the risk of heart disease but still millions of people in the united states and around the world who can't get their bad cholesterol low enough and we've got a drug now, it's called an anti-body. we're doing this with the partner. it's a -- it's in phase three now. lowers cholesterol by 60% or 70%. pretty good. >> thank you so much for joining us, doctor. >> great to be here. just ahead, an etf that made herb's weird etf list is firing back and why it should be taken off the list. but first, the ceo of airbus on the big move in to america. that's coming up. [ tires squeal, engine revs ]

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welcome back. we're watching shares of fossil takes a leg lower on the back of a key bank downgrade. saying promoeg promotions and l consumer spending will hurt the second quarter earnings. for now, downgrading the stock.

down nearly 2%. mandy? >> thank you. a big win for america. aerospace giant airbus is coming states opening a first assembly plant in alabama. phil lebeau has the first interview with the ceo. phil? >> reporter: i'm joined by the ceo of airbus on a very busy day. thank you for joining us. >> good afternoon. >> i'm curious, why mobile and why now? >> well, why mobile? because we have been enjoying very good relationship with mobile. we have, by the way, an engineering center with engineers working for us. this is a very well located. we have access to a port. we have access to an airfield and we have a very good support of a world community. why now? >> go ahead. >> yeah. why now, because we'll see in the u.s. market big growth for

this a-320 aircraft. we expect to have market of 4,600 aircraft over the next 20 years so about 200 per year and very timely to come up now and be ready to produce an american a-320. >> you have about 20% of the north american market. boeing clearly being from here has the lion's share of the market. have you been told by u.s.-based airlines, you build here, we'll buy the a-320? >> you know, we are very int tuitional. very european and procure every year $12 billion of u.s. from u.s. suppliers but we were missing something which was a strong industrial footprint in the united states. and clearly today we had four ceo of our airline customers joining us for the ceremony and

told us, you duh the right thing. >> obviously. were there some saying build in the u.s. and you will get more orders or just a natural assumption? >> no. i think this is proved everywhere. you need to be closer to your customers. you need to show that you care for your suppliers aenl i think with this investment, this is what we will achieve and we have a best product. we have the 320 which is a rear engine aircraft. we have told 1,500 in one year. this is the world record. so, this is what we want to offer to our american customers. >> one last question for and then mandy. being in europe, you see the economy there and what's happening there. give us your take on how bad the situation is in europe, because we're seeing data points that show a deceleration in the economy that's much greater than previously expected. are things getting dramatically worse in europe? >> well the situation is not

good but the states i think are taking progressively the right distance to cut the deficit. this is the debt of the state es and there was a european summit last week proving to be quite positive, so i'm confident that we will take over and again where europe will be back. however, airbus is very international and what counts for us is the global market and we enjoy a very good position with a growth of this market of about 5% a year. >> i'm going to jump in here. i'm interested in knowing how much lower labor and manufacturing costs in alabama versus your other factories in france and germany. >> it is difficult to say because we have to look at the complete costs, including logistics, transport, what we call the learning curve because an assembly plant is very complex. it is not just about blue collars. so what we expect is in a few

years to have about the same cost from mobile than from our european plants which are quite competitive. >> do you think that you further down the line might like to open up more plants in america? >> well, we will see how it develops, but clearly, i think for us we see the first big step and we are here in mobile for a very, very long term and probably there will be other opportunities in the future. >> thank you very much for joining us today. thank you, phil lebeau, as well. >> thank you. coming up next, from violent storms to relentless heat, this summer is off to a rough start and the economy could start to sweat it. the unusual toll mother nature is taking on your wallet. walmart celebrating the 50th birthday with a new 52-week high. i have evidence that proves my dad's a space alien.

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welcome welcome back, everybody. "street talk" time. we have the lovely herb joining us today. >> aren't you lucky? >> just so lucky. you have made my day. okay. first up on "street talk," a lot

of questions of security of two of the biggest social media sites. linkedin and facebook. what do they have in common? >> you're having me of facebook and linkedin and a security breach that exposed millions of users. there's a bigger issue i think with linkedin and that is what happened on friday where twitter, not facebook, twitter said, you know what? we are not going to let the tweets go on linkedin anymore. why would i go there to post things? going there, people sometime cease your tweets there but is this going to have an impact and this is something people are starting to talk about as people have been using third-party apps as they call them to post in multiple places. can't anymore here. what does that mean and say and do to the value of linkedin. that's the story to talk about here and i think that's -- >> what does it do to the value? >> people are trying to figure it out.

i can tell you right now i don't think they know. i don't think people were expecting this. and now you are going to see whether the entire issue is across to other platforms and means people like me have to tweet natively or post our posts natively on linkedin and adds another level of pressure. will that impact the quality of the content. >> is it moving the needle on the stock at the moment? >> no one seems to care. that's fascinating. this happened late friday. >> right. >> i don't think people paying attention to it. this is something i think from a content standpoint and that -- therefore, a value standpoint. i think ultimately will have an impact. >> done very well year to date. >> it has. by the way, i pay for linkedin. a great sourcing. >> vera bradley, small stock, down big time. >> i'm talking about this company for a long time with the inventory. >> yep. >> searching around today. why's the stock down? even the bears don't know but there was one thing people did

find and that was a blog. it's called oh my vera.com and on there people are actually talking on there they're concerned about the new patterns, the higher prices. and that seems to be something that people are chattering about right now and a company like that so thinly traded. >> then please tweet us, e-mail us. help us out here. underarmour, also, underwater. >> it's down a little bit and wondering why. let's remember something. on june 22nd or actually about two or three weeks ago the company announced a two for one stock split. if it continues to go the direction it is going the stock will be where the split was supposed to be where the stock gets there by way of the split. >> we have got a perennial or herb's and it is -- >> which one? navistar. there's talk the company may

turn to cummins. why down? no specific reason and there are issues here. maybe people paying attention to this. realize there's a cost associated with that and chattering, there's takeover talk in the company. i've talked to people who say one thing fiat won't do is buy this company. >> there's a well-known name and also quite interesting in the news, thq, inc. >> one of those fabulous old video game makers. one point in time this was a $40 stog. today as you can see about a 40 cent stock. a 60 cent stock. announced a stock split to get above the dollar they need to be to remain on the nasdaq. >> a big restructuring. i guess video game making sr, i that something -- >> people think it's a turnaround forever and tough even for electronic arts. >> for-profit education, again,

another sector that you like talking about. but it is really zooming in on apollo. >> an interesting report today by insider squirrel saying chairman john sperling sales have actually come in to question and been a biggest holder of the stock, a big seller of the stock over the years and different is two plans, plans that call for a regular sales of stock but since the beginning of the year, sold twice outside of the sales at -- sold about 150,000 shares outside of those programs. plus he's been selling at 8-plus-year lows. >> wasn't -- >> they have had a variety of issues, of course, along with all of the issues that face the for-profit education industry. >> which you have many times talked to us about. >> yes. >> thank you. last week herb unveiled a list of etfs you said are the weirdest out there. right? let's take a listen to rewind

the clock for a second. >> my winner of the weirdest etf is a tie and really two recently launched etfs that i actually believe are -- >> in the world. >> i believe these are more -- >> a sucker? >> these are more wrong-headed than weird. the global x guru fund and the alpha clone alternative alpha etfs. >> okay. a founder of one of those funds we were talking about was watching and here to tell herb why he's wrong. he's the ceo of the alpha clone alternative alpha etf. what were you thinking hearing that segment? >> well, i was thinking i was called worse. >> so, how do you defend what you're doing? >> well, actually, sort of a skepticism is sort of understandable. i was a skepticism when i first started what was a research project. i wanted to see what the effects of the lag were on following these institutional public disclosures and built a system that basically simulating

investing with the disclosures and the research is compelling. 4 out of every 10 clones, what we call single manager clones, outperform the broader market by 4 percentage points or more analyzed since 2000 which is an amazing of outperformance. >> the one thing i have with this is i say is any time you're following, i still don't get it from the perspective, you're going to be the last to know when somebody sells. that's my mantra on these. seeing the 13f filings, everybody excited about them, but why? it's great headlines but can you really, really make money just following the smart guys quh you're the last to know? >> yeah. i mean, look. our activist strategy which we implement for separate account clients returned 7% last year. our momentum strategy is returning 20% this year. these are all based on 13f

filings. >> what about a longer period of time? >> our simulation platform and backed us back to 2000 again showing compelling results. the bottom line is these institutional investors are really investors. they're not traders and doesn't really matter you're coming in after the manager or exiting after the manager. what -- the average holding period for these managers is about a year and when you look at the top holdings, it's even much longer than that. it can be two, three years. these guys are really investing, looking to buy low and sell high. >> they don't always get it right. >> that's why cloning works. >> i see the great deals and followed smart investors for years and just because they're smart doesn't mean they always pick the right stocks. >> i think that's exactly right. that's why it's so important to know which managers to follow. we use the clone score which basically recalculates the ef that sy of following the manager every six months.

hedge fund returns do have persistence and over short periods of time and makes sense to invest with multiple hedge fund managers and what the alpha etf does, a virtual fund to fund selects manage earls based on the clone score metric that we track on the long side and on the short side it -- we do the dynamic hedge to protect against multiple month drawdown and a long-short strategy. >> can't do anything on the short side. somebody to think you're following somebody with a short position that's not going to happen? >> no. no. we simply short the market. we essentially oscillate of being long only to market neutral. >> by the way, i have to give you credit because we're tight on time and give you credit for one thing. >> sure. >> coming on here and willing to defend yourself. i appreciate that, actually. >> i appreciate the opportunity, herb. >> okay. it's if firm's first etf, as well. up about 18% since the start of

trading on may 21st. thank you so much for coming on the show. up next in the heat of wedding season, a reality check you might want to have a backup plan for the truth of the growing divorce economy when we return and the silver anniversary of america's biggest retailer. walmart. which competitor is also turning 50 this year and who's the best performing stock of the bunch? details and answers when we come back. here's what to watch for in the auto sector in the quarter ahead. what happens with auto sales? after slowing down the last two months of the second quarter, many on wall street are wondering if more business will be streaming in to showrooms in july, august and september. if it doesn't improve look for wall street to bring down the estimates for full-year auto sales. the other question, can the automakers cut the losses in europe, particularly ford and gm? both companies have vowed to get back in the black with definitive moves in europe in

the near future. if they can show that they have taken concrete steps during the third quarter then potentially we could see shares of ford and gm move higher. with your q3 channel check on the auto industry, i'm phil lebeau. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. this is new york state. we built the first railway, the first trade route to the west, the greatest empires. then, some said, we lost our edge. well today, there's a new new york state. one that's working to attract businesses and create jobs.

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coming up on "closing bell," banks behaving badly again. with barclays scandal costing the chairman his job, will it also do long-term damage to investor trust in wall street? looking at both sides of that. plus, riding the rails with the ceo of union pacific celebrating 150 years today. but are falling coal shipments threatening to derail the red-hot stock? as walmart turns 50, we'll debate whether the absence of unions is the true secret to the success. all and that herb here at the new york stock exchange. but first, sharon epperson with the cooling trend in energy today. sharon? >> it is but we are looking at oil price that is are off of their lows of the session and pares lossing as worries of of iran impact the market. traders saying it's a wait and

see situation but the parliamentary committee is drafting a bill to stop oil tankers going through the strait of hormuz, those saying they'll abide by the eu sanctions. how that plays out remains to be seen but many including investors at the investment firm at goldman sachs saying now we could see iran oil exports down to 1 million barrels a day and that's a drastic change of many anticipated and could rival seeing last year of libya. >> thank you very much for the update. well, we have got herb back with a double dose of disaster today. >> liquidity services with online lickquidation and the government. down partially the result of today of a report of off wall street which raises a variety of issues and this after the stock is already been pummeled in recent weeks for when i check around and try to figure out a

variety of reasons and then open table. down 10%. barclays downgraded to equal weight. talking weak reservations groelt and weak net restaurant additions and mentioned in barons over the weekend and who we have had on here a number of times talking about open table quoted with his bearish thesis. >> how core lated with the economy and the health of the economy? >> i don't think -- i don't think that you can actually say because this company is so new at this point. remember, a lot of it is growth is when the economy is really, you know, not doing so well, so you know, it is a maturing business and lots of competition. >> sure does. a trip to the sunshine state now. for today's sunshine stock. shares of brown & brown at a new 52-week high, a diversified insurance company, head quartered in daytona beach, florida. stock up 46% in the last 2 years. the ticker is bro.

bro. well, don't worry, tom cruise. you're not alone. a million other divorces a year and since there's a finally figuring out how to tap in to the spending power of divorcee. brian shactman explains. >> reporter: in the united states, there are about 2 million marriages a year. there are also 1 million divorces. that's 2 million divorced people starting new lives every year. francine and nicole are co-founders of start over smart, an expo that brings together vonders with a variety of services and the newly-divorced. >> think about the bridal industry which is a $2 billion industry, no one has a number for the amount of money probably in the divorce industry. and so, not only is the market underserved but not been looked at as a niche. >> reporter: there's stale stigma. no one wants to label themselves divorced but businesses are trying to find their way to this untapped audience. >> we see divorce as a huge

business. we went in to the expo business to help people, given the support they need and what ended up coming out of that is, wow, this is a big industry and we see it's going to grow. >> reporter: insurance companies and agents are among those capitalizing on marketing to the divorced. >> and in 1960 when you look at adults, you know, there was over 70% that were married and if you look at 2010 statistics, you look at that, it's less than 50%. so more and more of their business is working with individuals who are divorced or who are separated. >> reporter: brian shactman, cnbc business news. >> really is a sign of the times. next, it is happy birthday walmart. if you're an investor, is there this a time to cheer or jeer? plus, a devastating weather weekend from colorado to our nation's capital. raging fires, deadly storms and intense heat. find out the impact this is having on the fragile retail sector when "street signs" comes

back. here's what to watch for in the real estate sector. prices fell and leading to stabilization and gains in certain markets but as banks ramp up foreclosures, a new wave of distressed properties could turn the positive price story around. in the mortgage space rates are still near record lows but federal regulators working on new rules for the banks this summer which could make getting a home loan more expensive. and as investors still look toward rentals of big rewards, watching the overall housing market to see if renter nation starts reversing course. with your q3 channel check for real estate, i'm diana olick. with a new continuous spray wand. and a fast acting formula. so you can kill bugs inside, and keep bugs out. guaranteed. ortho home defense max.

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check check out some hot stocks. another day of stifling heat grips the country, more than 24 cities tied or set record high temperatures. so we have got, for example, sears. they sell air conditioners. you can cool off with a jamba juice or stay inside with a netflix and that's down today. the heat is having a huge impact on corn crops in the midwest, as well. rick sansantelli, i'm guessing s

critical two weeks for crops. >> you're right. over the next three weeks, 60% to 70% 70% of the u.s. corn crop will be at that vital pollination point. and right now, i've been talking to many brokers who have direct connections to farmers in the field and there is tasselling, the real key is stiilking. the real key is since each plant has one, maybe two ears of corn, that if you want them fully developed, full nutrients and good size which of course leads in it to the size of the harvest and the yields, this next three weeks is critical. now, is it beyond repair and as you see the charts, boy, this last four weeks seen a huge up in the price structure, especially what we call new crop corn which is the corn we're growing how, which prices to december.

many of the analysts i talked to say it's dry out there for the next ten days, but we have a bit more time than that. still optimistic, but definitely concerned. s >> thank you very much for the update. hot heat is expected to continue, so what is in store for buyers and sellers in joining us is paul walsh from the weather channel. good to have you on the show. we've heard about the potential impact of corn crops. what about the consumer, what does a heat wave do to the consumer? >> it's an interesting time to have this sort of a heat wave where people will be out and about for the fourth of july holiday. the fact that we've lost power to 2 million people is going to impact people in terms of their ability to get out and about. but it in some ways from a retail perspective, there may be an up sight where people will be actually going to the malls just to keep cool and have something to do.sight where people will b actually going to the malls just to keep cool and have something to do. >> do they actually buy, does it

translate into dollars for the retailer themselves? >> not necessarily. the sweet spot in terms of the weather driving sales is generally in the earlier spring and earlier in the fall. so it's not necessarily a benefit in that term. but the fact that you might have more people in a store at least gives you a little bit of an edge. >> what sectors lose out in a typical summer heat wave like this? >> the home sectors will do really well. the home depots and lowes of the worlds that are selling equipment that can be used for -- as well as the mass merchants that are selling cooling equipment, product categories like bottled water, coca-cola, even beer. this is great beer weather even though it's really hot, people still drink a lot of beer. and to the sent that retailers are getting more sophisticated in their ability to move product and supply chains are able to respond, they will maximize it. >> what are the implications to the economy for all the power

outages? >> again, very bad timing going into a holiday weekend to have these kind of storms. so in the near term, it potentially could have an impact in terms of getting people into the stores and moving and buying things. there could be some post storm positives. we saw this during irene with money coming into actually pay people to repair and restore power and things like that. >> and interestingly, i see heat waives typically result in more casualties than even hurricanes or tornadoes. thank you very much for joining us, paul. everybody just keep cool. anyway, walmart is hitting a new 52 week high. it was 50 years ago today that sam walton opened his first walmart. it is now the world's biggest retailer. so how does the stock match up with other 50-year-old companies some courtney ray dweagan has m. >> 2012 also marks big birthdays for other kohl's also turn 50

years old. sam walton opened the first walmart 50 years ago today and while they didn't go public overnight, they did eventually . target in 1967, the stock has split six times since. the retailer offered more than 50 cash dividends averaging four per year for the last decade while kohl's began in 1962, wasn't in-koornlted corporated . today there are more than 1100 stores. the world's largest retailer went public in 1970 offering shares for on $16.50 a piece. since then, shares have split 11 times. in march 1974, it declared its first cash dividend of a nickel

and has increased every year since. so which retailer has returned the most since going public? remember each at different times. if you invested $1,000 in kohl's ipo, your stake would be worth more than $24,000 today. if you invested $1,000 in target at its ipo in 1967, the oldest public of the three, your sake would be worth $73,000. so what about the world's largest retail sner if yer? at walmart, your stake would be worth more than $1.8 million today. look at this, 182,827% increase. >> that is incrediblincredible. i know you're a walmart girl, right? you hang around a lot of them. >> i like walmart. >> what are they doing to celebrate their birthday and can can account consumer join in? >> the ceo did ring the opening bell today and they're having celebrations at the original

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home home builders on a tear. housing sector index hitting its highest level since september of

2008. and also new highs for hershey's, at&t news corp, and our parent company, comcast. which is currently up by about half a percent at 32.14. just a couple of weeks ago, we told you about a to being company bell hoax in alaska. the town of bethel thought they were getting the area's first taco bell after seeing now hiring flyers posted all over town, but the company had no plans of putting a location there at all. bethel is 350 miles west of anchorage and you can only get there by boat or plain. taco bell heard about the hoax and made their refried dreams come true. they air dropped a truck with enough fixings for 10,000 tacos and the best thing of all was it was all free. made some people very happy. thanks so muchsigns. closing bell is coming up next.